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Shinagawa, where history and future intersect, embodied by ‘Excellence Minami-Shinagawa’

2025/1/28

Property News

Address: Minami-Shinagawa
Main Use: Residential
Plots for Sale: 2 units (Plot A, Plot B, and Plot A+B)
2-minute walk from Shimbamba Station on the Keikyu Main Line.

9-minute walk from Aomono-Yokocho Station on the Keikyu Main Line.

 

Shinagawa, located in the southern part of central Tokyo, is renowned for its blend of historical charm and modern urban functionality. During the Edo period, it flourished as Shinagawa-shuku, the first post station of the Tōkaidō, serving as a pivotal hub for transportation and trade. Today, remnants of this era are evident along the old Tōkaidō road, where historical buildings and temples still stand, offering glimpses into its storied past.

In contrast, the area surrounding Shinagawa Station has undergone significant redevelopment, evolving into a bustling business district adorned with contemporary office buildings and commercial facilities. As a major terminal, Shinagawa Station accommodates the Tōkaidō Shinkansen and multiple conventional lines, providing excellent access to both Haneda and Narita airports. This connectivity has transformed it into a vibrant area frequented by business professionals from around the globe.

Within Shinagawa Ward, districts like Gotanda and Ōsaki have garnered attention as “Gotanda Valley,” a cluster of IT and venture companies. Additionally, local shopping streets such as Togoshi Ginza serve as cherished hubs for daily life, supporting the local community’s needs.

In recent years, land prices in Minami-Shinagawa have been on the rise. Over the past decade, there has been an approximate 29% increase, with the 2024 average official land price reaching ¥738,000/m² (approximately ¥2,439,669/ tsubo), marking a 6.75% year-on-year growth. The highest recorded price is ¥1,190,000/m² in the area of “3-5-5 Minami-Shinagawa,” while the lowest is ¥672,000/m² in “1-3-13 Minami-Shinagawa.” Factors contributing to this upward trend include ongoing redevelopment projects, enhanced transportation infrastructure, and improvements in the living environment.

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